Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of the Traditional Chinese Medicine Hospitals industry has accelerated in recent years. In 2016, revenue for this industry is expected to reach $53.7 billion, up 11.8% from 2015 and representing annualized growth of 16.3% from 2011.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability ihas risen from 0.9% in 2007 to an estimated 4.6% in 2016. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 3,059 traditional Chinese medicine hospitals in China, each containing 252 beds on average.... purchase to read more
Industry Report - Industry Analysis Chapter
In the five years to 2016, revenue for the Traditional Chinese Medicine Hospital industry is expected to reach $53.7 billion, representing an annualized increase of 16.3% over the period.
Development of traditional Chinese medicine hospitals tends to be standardized. In 2016, there are an estimated 3,059 traditional Chinese medicine hospitals in China, and a total of 771,600 beds. In most traditional Chinese medicine hospitals, Western medical devices and detecting methods have been adopted for diagnoses.
Development of the Traditional Chinese Medicine Hospital industry has been of growing importance to the Chinese government in recent years... purchase to read more